DRUG DEALING, COUNTERFEITING, SMUGGLING: HOW NORTH KOREA MAKES MONEYMICHELE NORRIS
This is how Maggie Waters (@itslifebymaggie) makes a living on Instagram. After getting into medical school, she started offering workshops on navigating premed life while maintaining her course’s original values.“My main revenue stream from Instagram is my online course Road to Acceptance. I...
“Armed with the acquisition of many goods from abroad, North Korea appears to have devoted considerable resources to making the missiles domestically and, more importantly, figuring out how to launch them successfully,” Albright said. “With regards to missiles, practice makes perfect.”Article...
had been created and registered with the government just a few months before. Its nondescript name and apparent lack of web presence makes it exceptionally difficult to learn more about it or about the fate of the money transferred to it, thoughit seems likelythat the North Koreans collected ...
North Korea’s currency, the won.Image credit:Zhimin Pan//CC BY 2.0 Much of this comes down to the complex way that money works in North Korea, also known as the Democratic People’s Republic of Korea. The official currency in the country is the North Korean won, and,officially, you ...
Lack of credible official information on North Korea makes it hard to observe the economic development (or lack thereof), but available information does point to the existence of a different financial system. Do Markets Exist in Socialism?
Developing countries often bear the brunt of modern money laundering because the governments are still in the process of establishing regulations for their newly privatized financial sectors. This makes them a prime target. In the 1990s, numerous banks in the developing Baltic states ended up with ...
At the time, China was the primary trade partner for only a handful of countries, including Cuba, Iran, Libya, Myanmar, Mongolia, North Korea, Oman, Sudan, Tanzania, and Vietnam. From 2000 to 2024, U.S. trade grew by 167% (a 4.2% compound annual growth rate), while China’s trad...
One last thing: be sure that you’re focused onrevenue generatedwhen optimizing your ads. Top of funnel metrics, like impressions, can easily lead you astray. You want to run with the ad that makes you the most money, not the ad that reaches the most people or even gets the most click...
If inflation does take place, I expect that it will take the form of hyperinflation, with central banks issuing huge amounts of money, but there not being very many goods and services to purchase with this money. (d) I expect that many banks, insurance companies, and pension plans will ...